Market wants to see more than just a compromise on debt relief

The game is not over yet for Greece, only the first half, according to economists who shared their conclusions about last week's Eurogroup decisions with Kathimerini. They spoke of an agreement that was the best the country could get at this stage, offering investors a positive outlook and reducing Greek bond risks, even if the plans for the "French mechanism" - viewed as a stronger tool for improving Greece's credit profile - were abandoned.

Market professionals say that the debt relief plan reduces the country's funding needs as a ratio to gross domestic product, which means that the current risk of 10-year bonds is minimal, if not zero. They estimate that Greek bond yields will start to resemble those of Portugal more closely, leading to the re-rating of Greek stocks, especially in the bank sector, as well as many blue chips.

"The exit from the program is a very...